Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
debt free at last
Posted - 09 February 2009 : 22:02:36 I have recently been made bankrupt and the OR has asked me or a third party to make an offer on one of my assets. 1. If I can’t make an offer what would happen to the asset? 2. If I made an offer does it have to be the current market value or does it just have to be reasonable? Please advise.
2 L A T E S T R E P L I E S (Newest First)
movin on
Posted - 10 February 2009 : 13:50:51 I think this is a duplicate post.
Admin could you delete as this post has been answered.
Hindsight is a wonderful thing
Jenny xx
Niobe
Posted - 10 February 2009 : 12:43:56 Hi,
Not totally sure, but I imagine that if no one can purchase the asset for you, then the OR will take it.
I presume it would have to be at market value as well.
